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2025-08-01 11:05:06
[Swiss franc weakens as Switzerland may be hit hard by US tariffs] The Swiss franc weakened in pre-market trading in Asia as Switzerland may be one of the countries hardest hit by US tariffs. Under US President Trump's new reciprocal tariff executive order, the United States will impose a 39% tariff on Switzerland, despite recent trade negotiations. Chang Wei Liang of DBS Group Research said in a commentary that the Swiss franc may face selling pressure given the risks to Swiss exports to the United States; Swiss exports to the United States are mainly pharmaceuticals. However, the foreign exchange and credit bond strategist also said that trade negotiations between the United States and Switzerland are still continuing and "the market may pay close attention to news about a possible agreement to reduce tariffs."
